Whole Life Guaranteed 20 Pay Insurance – A Lifetime of Benefits, Not a Lifetime of Payments

Life insurance can be the foundation for a family's financial protection. We offer permanent life policies that not only help your family prepare for the unexpected, but also build cash value you can use during your lifetime.

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Whole Life Guaranteed 20 Pay

The coverage lasts. The premiums don't. This policy can be completely paid for in 20 years. If purchased early enough in life, it'll help you avoid paying premiums during your retirement. That's the beauty of a Whole Life Guaranteed 20 Pay policy. You could secure a lifetime of life-enhancing benefits, without paying a lifetime of premiums.

Did you know? A Whole Life Guaranteed 20 Pay policy is ideal for a child — in addition to starting insurance coverage they will need as an adult, the policy earns cash value, which generally grows tax-deferred. It allows the parent to transfer the coverage to their child once it's completely paid-up after 20 years.

Sample rates are for a 25-year-old female in good health. Contact an agent to receive personal pricing.

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Financial Independence for You and Your Loved Ones. Life with Long-Term Care Advance provides affordable, permanent life insurance protection and tax-free monthly benefits in the event that you experience a loss of independence.

Helps preserve your policy at a time when income may be limited due to a disability. If the base insured becomes totally disabled (as defined in the policy) prior to age 60 for six continuous months, this optional coverage will waive future policy premiums as they become due as long as the insured remains totally disabled. This rider coverage automatically terminates on the policy anniversary when the insured is age 60, unless disability occurs prior to that time.

Eligibility

Insure your insurability! Buy additional amounts of insurance on specific option dates without a medical exam, at standard rates. When you marry, purchase a home or become a parent, you may exercise the next available option. Option ages are 25, 30, 35, 40 and 45.

If you've purchased a life policy for your child or spouse, you can also add this rider to their policy.

Coverage

Ages

Minimum: $10,000

Maximum: The lesser of $100,000 or 200% of the total insurance amount protecting the insured on the policy

If you've purchased a life policy for a child — and you become disabled (as defined in the policy) or pass on — this rider allows premiums to be waived on that policy for a period of time. Premiums will be waived as long as the policyholder is disabled. If the policyholder dies before age 60, all future premiums will be waived. (Disability of the policyholder must occur before age 60.) Rider remains in force until the policyholder reaches age 60.

Disclosures

This is only a general description of coverage. A complete statement of coverage is found only in the policy. For more details on coverage, costs, and restrictions, or to apply for coverage, contact a local State Farm agent.

There are limitations and conditions regarding payment of benefits due to misrepresentations on the application or when death is the result of suicide in the first two policy years.

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